{"id":40908,"date":"2024-07-19T13:44:10","date_gmt":"2024-07-19T08:14:10","guid":{"rendered":"https:\/\/www.equentis.com\/blog\/?p=40908"},"modified":"2025-11-07T14:14:09","modified_gmt":"2025-11-07T08:44:09","slug":"rnfi-services-ipo-and-sar-televenture-fpo-set-to-raise-%e2%82%b9220-crore-all-about-objectives-financials-gmp","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/rnfi-services-ipo-and-sar-televenture-fpo-set-to-raise-%e2%82%b9220-crore-all-about-objectives-financials-gmp\/","title":{"rendered":"RNFI Services IPO and SAR Televenture FPO Set to Raise \u20b9220 Crore. All About Objectives, Financials, & GMP"},"content":{"rendered":"
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The SME IPO market is certainly heating up! Just when you thought the excitement was dying down, two new players, RNFI Services and SAR Televenture, are set to grab investor attention. With their respective IPO and FPO, these companies are looking to raise a combined \u20b9220.81 crore.<\/p>\n\n\n\n

RNFI Services Ltd. <\/p>\n\n\n\n

Let\u2019s break down what these companies offer and why they might be worth looking at.<\/p>\n\n\n\n

Offer Price<\/td>\u20b998 \u2013 \u20b9105 per share<\/td><\/tr>
Face Value<\/td>\u20b910 per share<\/td><\/tr>
Opening Date<\/td>22 July 2024<\/td><\/tr>
Closing Date<\/td>24 July 2024<\/td><\/tr>
Total Issue Size (in Shares)<\/td>6,744,000<\/td><\/tr>
Total Issue Size (in \u20b9)<\/td>\u20b970.81 Cr<\/td><\/tr>
Issue Type <\/td>Book Built Issue IPO<\/a><\/td><\/tr>
Lot Size<\/td>1200 Shares<\/td><\/tr>
Listing at <\/td>NSE<\/a> SME<\/td><\/tr><\/tbody><\/table>
Source: NSE<\/a><\/figcaption><\/figure>\n\n\n\n

RNFI Services is coming up with a fresh issue of 67.44 lakh shares priced between \u20b998 to \u20b9105 per share. The total money the company aims to raise is \u20b970.81 crore. There\u2019s no offer for sale here, so all the money raised will be new money for the company. A small part of the issue, about 5.69%, is reserved for market makers.<\/p>\n\n\n\n

The shares on offer are divided like this:<\/p>\n\n\n\n

Investor Reservation<\/strong><\/td>Allocation of Shares <\/strong><\/td><\/tr>
Market Makers<\/td>3,84,000 shares
(5.69%)<\/td><\/tr>
Anchor Investors<\/td>19,08,000 shares
(28.29%)<\/td><\/tr>
Qualified Institutional Buyers (QIBs)<\/td>12,72,000 shares
(18.86%)<\/td><\/tr>
High Networth Individuals (HNIs)<\/td>9,54,000 shares (14.15%)<\/td><\/tr>
Non-Institutional Investors (NIIs)<\/td><\/tr>
Retail Investors<\/td>22,26,000 (33.01%)<\/td><\/tr><\/tbody><\/table>
Source: NSE<\/a><\/figcaption><\/figure>\n\n\n\n


<\/strong>Objectives<\/strong><\/h3>\n\n\n\n

The company plans to use the money raised for these things:<\/p>\n\n\n\n